Updated Dec 21, 2023
Brad Balletto Of Northeast Private Client Group Sells Multifamily Property In Hamden, CT For $4.05M
385 Putnam Avenue, Hamden, CT, USA
$4,050,000
$114/SF
Building Size
35,309 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
About this deal
AI
A multifamily property located at 385 Putnam Ave in Hamden, CT has been sold for $4,050,000. The property consists of 40 units, resulting in a price per unit (PPU) of $98,870. The sale took place on October 8, 2021, and the property achieved a capitalization rate (CAP) of 6.38%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,050,000
- Address: 385 Putnam Ave, Hamden, CT
- Units: 40
- Price per Unit: $98,870
- Capitalization Rate: 6.38%
The sale was brokered by Brad Balletto from Northeast Private Client Group.
Players
Hamden MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93